RPFRX vs. CREEX

Last updated Jul 15, 2026

RPFRX (Davis Real Estate Fund) and CREEX (Columbia Real Estate Equity Fund) are both REIT funds. Over the past 10 years, RPFRX returned 3.60%/yr vs 5.78%/yr for CREEX. With a 0.95 correlation, they move nearly in lockstep. RPFRX charges 0.95%/yr vs 1.01%/yr for CREEX.

Performance

RPFRX vs. CREEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Real Estate Fund (RPFRX) and Columbia Real Estate Equity Fund (CREEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPFRX achieves a 13.38% return, which is significantly lower than CREEX's 18.89% return. Over the past 10 years, RPFRX has underperformed CREEX with an annualized return of 3.60%, while CREEX has yielded a comparatively higher 5.78% annualized return.

RPFRX

• 1D: 0.41%
• 1M: 0.44%
• 6M: 11.75%
• YTD: 13.38%
• 1Y: 7.70%
• 3Y*: 4.30%
• 5Y*: -0.10%
• 10Y*: 3.60%

CREEX

• 1D: 0.56%
• 1M: 1.70%
• 6M: 16.63%
• YTD: 18.89%
• 1Y: 19.90%
• 3Y*: 10.17%
• 5Y*: 4.86%
• 10Y*: 5.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RPFRX vs. CREEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPFRX Davis Real Estate Fund	13.38%	-6.17%	2.30%	10.48%	-26.78%	43.26%	-8.25%	25.39%	-4.52%	8.32%
CREEX Columbia Real Estate Equity Fund	18.89%	0.19%	7.40%	16.20%	-25.10%	41.91%	-3.54%	28.40%	-7.21%	4.56%

Correlation

The correlation between RPFRX and CREEX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Mar 31, 1994	0.95

The correlation between RPFRX and CREEX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

RPFRX vs. CREEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RPFRX

RPFRX Risk / Return Rank: 10
RPFRX Sharpe Ratio Rank: 10
RPFRX Sortino Ratio Rank: 10
RPFRX Omega Ratio Rank: 9
RPFRX Calmar Ratio Rank: 12
RPFRX Martin Ratio Rank: 10

CREEX

CREEX Risk / Return Rank: 49
CREEX Sharpe Ratio Rank: 44
CREEX Sortino Ratio Rank: 40
CREEX Omega Ratio Rank: 39
CREEX Calmar Ratio Rank: 72
CREEX Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RPFRX vs. CREEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Real Estate Fund (RPFRX) and Columbia Real Estate Equity Fund (CREEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RPFRX	CREEX	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.46	-0.92
Sortino ratio: Return per unit of downside risk	0.86	2.02	-1.16
Omega ratio: Gain probability vs. loss probability	1.10	1.25	-0.15
Calmar ratio: Return relative to maximum drawdown	0.80	2.61	-1.81
Martin ratio: Return relative to average drawdown	1.94	8.16	-6.22

RPFRX vs. CREEX - Sharpe Ratio Comparison

The current RPFRX Sharpe Ratio is 0.54, which is lower than the CREEX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of RPFRX and CREEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RPFRX vs. CREEX - Drawdown Comparison

The maximum RPFRX drawdown since its inception was -75.01%, which is greater than CREEX's maximum drawdown of -70.78%. Use the drawdown chart below to compare losses from any high point for RPFRX and CREEX.

Drawdown Indicators

	RPFRX	CREEX	Difference
Max Drawdown Largest peak-to-trough decline	-75.01%	-70.78%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-7.94%	-2.19%
Max Drawdown (3Y) Largest decline over 3 years	-22.20%	-19.89%	-2.31%
Max Drawdown (5Y) Largest decline over 5 years	-35.52%	-31.25%	-4.27%
Max Drawdown (10Y) Largest decline over 10 years	-42.29%	-41.42%	-0.87%
Current Drawdown Current decline from peak	-12.08%	-0.82%	-11.26%
Average Drawdown Average peak-to-trough decline	-13.40%	-10.69%	-2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	2.54%	+1.64%

Volatility

RPFRX vs. CREEX - Volatility Comparison

Davis Real Estate Fund (RPFRX) and Columbia Real Estate Equity Fund (CREEX) have volatilities of 4.83% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPFRX	CREEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.83%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	11.09%	10.58%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.00%	14.23%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.55%	19.09%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	20.70%	+0.46%

RPFRX vs. CREEX - Expense Ratio Comparison

RPFRX has a 0.95% expense ratio, which is lower than CREEX's 1.01% expense ratio.

Dividends

RPFRX vs. CREEX - Dividend Comparison

RPFRX's dividend yield for the trailing twelve months is around 6.51%, more than CREEX's 5.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CREEX Columbia Real Estate Equity Fund	5.64%	6.26%	10.13%	32.32%	5.92%	6.41%	7.50%	12.02%	8.22%	14.73%	4.23%	8.59%
RPFRX Davis Real Estate Fund	6.51%	6.48%	1.43%	2.26%	5.33%	1.05%	1.77%	2.78%	6.03%	5.84%	1.61%	1.19%

Frequently Asked Questions

Can I hold both RPFRX and CREEX in my portfolio?

With a correlation of 0.93, RPFRX and CREEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RPFRX or CREEX?

CREEX has higher volatility (4.83%) compared to RPFRX (4.83%). In terms of maximum drawdown, RPFRX dropped -75.01% vs CREEX's -70.78%.

Which has better risk-adjusted returns?

CREEX currently has the higher Sharpe Ratio (1.46 vs 0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.